B

Barrick Mining

Fundamental data last updated:April 13, 2026

company profile

SECTOR

Basic Materials

industry

Gold

Exchange

NYSE

County of HQ

Canada

Next Earnings Date

05/06/26

Business Summary

Barrick Mining generates cash by extracting, processing, and selling gold at scale, leveraging large, long-life mining assets to spread fixed costs across production. Its moat comes from asset quality, operational scale, and capital discipline, which together support an 18.80% Operating Margin in a volatile commodity sector. High ROIC of 17.10% indicates that management converts invested capital into meaningful returns, a rare trait in mining. Liquidity strength via a 2.9 Current Ratio and solid financial health reflected in a 3.7 Altman Z-Score reinforce durability. The business thrives when it combines disciplined capital allocation with operational efficiency across a global asset base.

VALUATION

P/E

14.9

Market Cap ($M USD)

$72,851

Forward P/E

9.8

PEG

0.6

PRICE TO SALES

4.4

PRICE TO BOOK

2.8

EV / EBITDA

6.4

5-Year Average P/E

DIVIDEND

Yield

1.90%

Annual Payout

$1.68

Payout Ratio

17.90%

Consecutive Years of Dividend Growth

1

5-Year Dividend Growth Rate

36.10%

Financial Health & Profitability

Earnings Per Share

$2.93

Next Year EPS Growth Estimate

$4.44

Next Year Revenue Growth Estimate

11.40%

Return on Equity (ROE)

18.80%

Operating Margin

47.20%

Debt-to-Equity

0.2

Piotroski F-Score

8

Altman Z-Score

3.7

Return on Invested Capital (ROIC)

17.10%%

Current Ratio

2.9

Quick Ratio

Gainseekers Quantitative Analysis

Summary

At 14.9x earnings and just 9.8x forward earnings with a PEG Forward of 0.6, the market is pricing Barrick Mining like a no-growth cyclical despite clear profitability and capital efficiency. An Altman Z-Score of 3.7 signals strong financial stability, while a Piotroski F-Score of 8 confirms high fundamental quality. The disconnect between a modest valuation and solid balance sheet strength suggests the stock is not priced for its underlying resilience. With a Market Cap of $72,851M and a Forward P/E materially below the trailing multiple, the setup implies earnings acceleration that the market still discounts heavily. This looks like a statistically cheap, financially sound operator in a hard-asset sector.

AI Exposure / Tech Reliance

As a Gold producer within Basic Materials, Barrick’s direct AI exposure is limited, but it benefits indirectly through technology-driven efficiency improvements in exploration, automation, and cost control. AI-enhanced geological modeling and operational optimization can improve margins in capital-intensive mining. The business is more cyclical than tech-driven, but operational digitization supports long-term margin resilience.

The Bull Case

A value or GARP investor buys this because the quality metrics are undeniable. ROIC at 17.10% against an 11.40% Return on Equity signals efficient capital deployment, while an 18.80% Operating Margin demonstrates durable profitability in a commodity business. The Piotroski F-Score of 8 indicates strong balance sheet trends and operational momentum, and a Current Ratio of 2.9 shows ample liquidity. A Forward P/E of 9.8 combined with a PEG Forward of 0.6 implies growth is being underappreciated relative to price. Institutional Ownership at 56.81% further supports the idea that serious capital allocators see fundamental value here.

The Bear Case

The red flags are structural and sentiment-driven. Short % of Float at 36.10% is extraordinarily high, signaling aggressive bearish positioning. Debt/Equity at 47.20% is manageable but not trivial in a cyclical commodity business, and the market clearly questions sustainability given the low Consensus Rating of 2.60% and a Mean Consensus Target Price of 1.48. The TTM Yield of 0.2 and Dividend 5-Year Avg of 1 suggest inconsistent income appeal, while the Payout Ratio listed at $1.68 raises clarity concerns around capital return sustainability. This is a stock that could rerate sharply—but only if execution and commodity pricing cooperate.

Market Sentiment & Smart Money

Short Interest %

2.60%

Analyst Consensus

1.48

Average Analyst Price Target

$56.81

Institutional Ownership %

66.60%

1-Year Beta

0.59

Insider Buying % (6 Mo)

0.80%%

Distance to 52-Week High

79.60%%

Distance to 52-Week Low

250.10%%